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-   -   Life A little thank you to Warren Buffet (https://www.chiefsplanet.com/BB/showthread.php?t=270019)

Rain Man 02-14-2013 10:28 AM

A little thank you to Warren Buffet
 
On December 21st I was looking for a stock to buy with some extra cash, and I liked Heinz, the ketchup company. It's pretty stable and pays a nice dividend, and I've really liked dividend stocks the past few years. So I bought $5,000 worth. It's gone up a couple of percent over the last couple of months, and I've been good with that since that's a very good annualized return so far.

Today it was announced the Berkshire Hathaway is buying Heinz. The stock is up 20% today. Blammo. I sold out my initial $5,000 worth, left the profit in, and I now have $1,200 of free Heinz ketchup stock for two months of investment.

God, I love America.

Pilsner 02-14-2013 10:33 AM

I'm disappointed to hear that they don't pay dividends in Ketchup.

Garcia Bronco 02-14-2013 10:37 AM

I'd get out completely myself

Did the same thing myself JEC, Voda phone, Merck, and Wells Fargo. This is over the past two years. On JEC I bought it before the last debt ceiling/down grade bullshit and ended up have to buy more after the drop to average myself out and made over a grand. Then get the heck out.

ptlyon 02-14-2013 10:37 AM

It's amazing the debt Heinz had.

Democrat in Debt. Duh.

rageeumr 02-14-2013 10:47 AM

I hadn't seen this yet. The wife owns about 200 shares of HNZ. It's not noon yet, but I'm going to go ahead and chalk this one up as a good day.

ReynardMuldrake 02-14-2013 10:49 AM

I just bought 500 and 100 shares of Arch Coal and Cliffs Natural Resources a couple weeks ago. I've already lost $1500. FML.

Chief Pote 02-14-2013 10:54 AM

I need a good stock to throw some money at....anybody? I'm tired of mutual funds, I need to spread out a little.

DaKCMan AP 02-14-2013 10:56 AM

Nice.

I've recently invested in a couple of individual stocks opposed to just mutual funds. Hoping my basic valuation proves correct.

Rain Man 02-14-2013 11:08 AM

Quote:

Originally Posted by ChiefButthurt (Post 9402445)
I need a good stock to throw some money at....anybody? I'm tired of mutual funds, I need to spread out a little.

I pretty much stick to dividend-paying stocks these days. You make money even if the market is stagnant. You have to work a little harder to diversify, but you can do it.

Amnorix 02-14-2013 11:23 AM

Quote:

Originally Posted by ChiefButthurt (Post 9402445)
I need a good stock to throw some money at....anybody? I'm tired of mutual funds, I need to spread out a little.

Slow and steady wins the race.

Rain Man 02-14-2013 11:25 AM

Quote:

Originally Posted by Amnorix (Post 9402526)
Slow and steady wins the race.

I enjoy the irony that a person could have gotten rich with ketchup stock today if they'd've invested a lot in it.

Prison Bitch 02-14-2013 11:27 AM

That profit you made of the sale of that stock? You, you didn't build that!

Chief Pote 02-14-2013 11:31 AM

Quote:

Originally Posted by Prison Bitch (Post 9402547)
That profit you made of the sale of that stock? You, you didn't build that!

I don't think anyone can understand your post.

Rain Man 02-14-2013 11:31 AM

Quote:

Originally Posted by Prison Bitch (Post 9402547)
That profit you made of the sale of that stock? You, you didn't build that!

That's the part I'm most excited about.

Chief Pote 02-14-2013 11:34 AM

Quote:

Originally Posted by Amnorix (Post 9402526)
Slow and steady wins the race.

I know, sometimes I just want to get aggressive and find that lucky stock. Maybe it doesn't exist right now.


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